Project Control Finance Associate

Parsons Corporation

About The Position

Parsons is looking for an amazingly talented Project Control Analyst, Associate to join our team Defense & Intelligence team! In this role you will get to support a variety of contract types within the organization! This role offers opportunities to grow within the organization and gain exposure to complex projects and cross-functional collaboration.

Requirements

Bachelor’s degree in Business, Accounting, Finance, or a related field (or equivalent experience) and typically 3+ years of related work experience.
Strong analytical and problem-solving skills with the ability to work comfortably with budgets and collaborate across multiple departments.
General understanding of government contracting indirect rate structures and procedures.
Excellent communication and interpersonal skills.
Exceptional attention to detail and organizational abilities.
Advanced proficiency in Microsoft Excel, including financial modeling and data analysis.
Proficiency in Microsoft Word, Microsoft Office Suite, and project management tools.

Nice To Haves

Experience with Deltek Costpoint and Cognos Reporting environments preferred but not required.
Experience using Deltek Cost Point or similiar system
Ability to learn and apply new software, tools, and systems relevant to project controls, federal compliance, and financial management.
Foundational knowledge of federal contract types such as Cost Reimbursable (CPxF), Firm Fixed Price (FFP), and Time and Material (T&M), and the ability to assist in tracking and managing these contracts.

Responsibilities

Assist in developing and managing cost control systems to provide project and company management with accurate and timely financial information.
Perform all aspects of planning, tracking, analysis, and reporting for projects of varying contract types, sizes, complexities, and risk levels, ensuring compliance with financial policies and procedures for CPxF and T&M contracts.
Facilitate the development of WBS by collaborating with Program Management, Procurement, and Finance Departments.
Conduct independent analysis of data stored in project management and cost control systems; create presentations using graphs, diagrams, and other visual aids to illustrate cost status.
Forecast and identify variances from project plans and pricing; manage change orders; provide financial analysis to Project Leads; take proactive steps to manage project cost, schedule, and performance.
Develop and maintain revenue recognition models, EACs, Estimates-to-Complete (ETCs), burn rate analyses, and related cost analyses using advanced Excel-based financial modeling.
Work alongside Project Leads to maintain project budgets, including monthly budgeted vs. actual cost analysis; identify and communicate risks such as cost overruns, underspending, and vacancy issues.
Perform subcontract and purchase order management activities, including preparing purchase requisitions, processing invoices, and preparing accruals for projects.
Generate ad hoc reports to support project performance analysis and decision-making.
Demonstrate analytical abilities by obtaining financial report information to help projects understand their performance and transactions.
Perform other duties as assigned.